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20121130
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unplugged. superstorm sandy gave life to a new set of scams. find out how to protect yourself. and, why the creator of star wars is giving "new hope" to education. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning everybody. i'm angela miles. it's november 2nd, and it's jobs friday. it may or may not be deal-breaker for voters, but tensions are high over the jobs numbers due out today. it's anticipated 125,000 jobs were added in october, and the unemployment rate edged up to 7.9% from 7.8%. in the latest numbers on jobs, adp reports 158,000 jobs were added to payrolls last month, while the goverment reports claims for unemployment benefits last week fell by 9,000 to 363,000. stocks surged ahead of today's jobs numbers. the dow rallied 137 points, the nasdaq up 43, and the s&p popped 16 pts. gold dropped $4 and oil inched up to nearly $87. tim mulholland of china america capital joins us now from the trading floor of cme group. good morning, good to have you on the show this morning on this jobs friday. > > go
sandy. what you can learn to protect yourself from future natural disasters. and, is apple's break-down causing some market jitters? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, november 9th. i'm angela miles. in today's first look: it's another downer for the stock market. the dow tumbled more than 100 points yesterday, falling to its lowest level since july, mostly due to uncertainty about the future of the u.s. and global economies. groupon shares fell 13% after the close on earnings news. revenues were up, but the coupon company had a net lost of nearly 3 million dollars. profits were up at disney thanks to espn and growth at theme parks. and priceline is set to buy online travel company kayak for $40 per share. how low will this market go? ben lichtenstein of tradersaudio.com joins us. good morning to you. happy friday. but is this a buying opportunity here? > > i don't think so. i think basically if you try and step up right now, you're kind of trying to play "catch the knife" if
it could mean a longer wait for apple gadgets. and, how superstorm sandy could affect home depot stock this week. keep it here, first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, november 12. i'm angela miles. in today's first look: stocks drop. the dow & s&p 500 fell 2% last week. some traders say it was just good old profit taking. others believe the fall was out of fear of the looming fiscal cliff. the market could have a heavy metal reaction today to a deal that was announced late friday. precision castparts is buying titanium metals for $2.9 billion in cash. in the "affairs to remember" category, christopher kubasik, who was on his way to becoming the ceo of lockheed martin, resigned after revealing an affair with an employee. cia director david patraeus also resigned friday because of an affiar. reports say google has been cut off in much of china as the communist party appoints new leaders. and gas prices dropped a nickel in the last week to $3.44 per gallon. let's head over to the trading
are surfacing about people trying to profit on superstorm sandy by selling gas for as much as $20 per gallon including on craigslist. and finance ministers and central bankers of the g-20 are commiting to stregthen efforts to hold up the sluggish global economy. let's get the feeling from the trading floor with john brady of rj o'brien. happy election day to you. what do you anticipate will happen in market action? > > i think today will probably march sideways. i think most of the attention will be on tonight and maybe the early morning hours tomorrow as regards the election races. now, it's not just the presidential race that will have the markets focused. keep in mind there are 34 senatorial seats that are likewise up for election, and as markets start to look ahead toward the fiscal cliff, which will start wednesday or thursday, as soon as these results are announced, then equations and challenges regarding the fiscal cliff need to be weighed by the market, and that will be the next big trade for the market. > > i think another big wave would be greece, with this new threat of a possibil
that is expected to hit parts of new york and new jersey already devastated by superstorm sandy. mark sebastian of option pit mentoring gives us our first look at the trading day, and what do you anticipate on this post-election day mark? > > well, president obama won, so let's look at what his policies are really going to do. i think he's a weak dollar president. so what does that mean? gold is going to rally, commodities are going to rally. i think you will still have people searching for yield, so the stock market is going to rally. we will see a big sell- off in the vix, and we should see a sell-off in the u.s. dollar as well. > > what do you think about gold and oil here? yesterday they both ramped up. > > we saw both buying ahead of an obama victory. there is a strong belief that gold could make an end-of-year run through its all-time highs toward that $2,000 level. oil is a little more demand-centric, so expect it to test $90, maybe $95 in wti, but i doubt it's going to be testing new highs toward the end of the year. > > as you know, consumer confidence is up. we have retailers repo
. in today's cover story, a quarter of a million cars left water logged by superstorm sandy. why car buyers need to check under the hood. plus, tax talk. president obama insists on raising taxes on the wealthy to bring in revenues. why the plan may not fly with republicans. signs the stock market may be out of tune or one company. and, a couple of surprising stocks that stood out in yesterday's sell-off. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, november 15th. i'm angela miles. in today's first look: traders will likely react to earnings today from walmart and target after getting clues into how the consumer is holding up. yesterday the market took a plunge. the dow fell nearly 200 points. stocks dropped on fears washington will be slow to break out a workable budget, the fed hinting at the need for more stimulus, and air strikes in the middle east. reports say the federal housing administration is close to running out of money reserves as mortgage delinquencies rise. gm set a goal of prod
of hurricane sandy at $42 billion in damages and losses. and all bets are off at intrade.com. the website can no longer allow u.s. residents to place financial bets on the prediction markets. intrade correctly predicted president obama would be re-elected and that the u.s. is not likely to fall off the fiscal cliff. there are lots of rumblings coming out of washington. let's turn to scott bauer of trading advantage to talk about this alleged fiscal cliff. what do you think - and good morning - deal or no deal, scott? > > good morning angie. yeah, there is going to be a deal. it may not be later this week, it may not be next week, but i think at a minimum we are going to see congress, the president, everyone say, you know what, we are on the table together here, and even if we have to extend this three months, six months, we are going to get it done. there is no way with the recovery that we have seen - and i'm not talking about the stock market recovery, i am talking more of the consumer sentiment recovery, housing recovery - with what we have seen the last quarter of this year, there is no w
in some sections of the u.s., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is getting a slap on the wrist from the government. the enviornmental protection agency will temporarily suspend the company from opening new contracts. following the 2010 deepwater horizon spill, the epa says bp acted with a "lack of business integrity." it will not impact bp's current contracts. earlier this month, bp pled guilty to charges connected to the 2010 deepwater horizon spill and was slapped with a $4.5 billion fine. bp's suspen
to the residents in the northest left without power due to superstorm sandy. let's find out what's on the minds of traders this morning. phillip streible of rjo futures joins us on this monday morning. good morning to you. > > good morning to you. > > what was going on with that sell-off on friday? was that classic buy-on-the-rumor-of- the-jobs-number and then sell- off-on-the-news? > > it was really interesting. i mean, traders started to jump in and we got some momentum after the number came out. the number was perceived very well, and we saw that push upwards. but as the day progressed, traders became more and more concerned about the election that's going to be tomorrow and what the results will be. so, it felt wise to maybe take some money off the table, stand aside and get back to safety. > > the market hates uncertainty. money though was moving out of gold. what is that telling you? > > that was actually very interesting, because we would have thought that that safety play would have been a push into the metals. but in all reality, it was more of a repatriation back to the dollar, sellin
the 70s era plan after hurricane sandy compromised gas supplies. according to governor chris christie's office, power restoration, along with rationing efforts, have alleviated the need for continued hold backs. "this rebuilding phase is going to have to be done really carefully, and smartly and not in a rushed way." meanwhile, new york's governor andrew cuomo says his state needs $30 billion to help it recover from hurricane sandy. that number is five times his initial damage estimate and exceeds what is currently in fema's disaster relief fund. several organizations are stepping up to combat fraud against members of the military. the new york attorney general is providing financial relief for soldiers who were scammed by smartbuy. the storefront retailer allegedly was selling electronics from costco, walmart and sam's club at substanially higher prices and tacking on extra fees through its credit-only purchases. meanwhile, a new website, know-before-you- enroll, clues servicemen and - women into for-profit colleges said to be conning military members out of g.i. benefits. the schoo
session after a 2-day shutdown due to superstorm sandy. in the end, october had some wicked moments for investors, leaving the dow down 2.5% and the s&p 500 off 2%, while the nasdaq lost 4.5%. and employment figures from adp for september were revised down, showing 88,200 jobs were added verus the 162,000 originally reported. this is just a test. the people at research in motion are testing the new blackberry 10 smartphones with 50 carriers around the world. even though it was a down day yesterday, todd horowitz of average joe options joins us. todd, i have to tell you, it was good to see those traders back on the trading floor. what was your impression of that trade? > > good morning. it was nice to be back. it was nice to be back in action. however, the trade was very slow and very dull, and we're still trying to figure out, we're trying to make sure that all the systems were working properly, and there is a lot of news coming out today and tomorrow with the adp jobs today and the regular jobs report tomorrow. so, it figured to be a little slow yesterday anyway. > > we had a surp
. >>> the november auto sales have been rising even despite damage caused by super storm sandy. overall, this year is hyped to be the best for auto sales. >>> honda learned the hard way. they un-vailed a re-designed civic after last years was bland and not worthy of buying. on the flip side, this month cars.com gave the top award to the honda crv. hand the sales were boosted and the appeal involved connectivity. >> technology, there is a back up camera, pandora, blue tooth. these are all consumer thing that is people rally want. >> you know, the auto makers can spend as much as a billion dollars on a re-design. >>> while owning a home will always the be american dream it is becoming more ill lieu civil 88% of us still agree, home ownership is important. but less than half think it is still attainable for middle income families. >>> if you just survived the crush of humanity at the airport. but things are actually getting better. on time performance has improved significantly in recent years. this year 83% of flights took off within the scheduled time. now we do no have the a clear picture of the i
of that merchandise off the shelves. > a number of retailers are mentioning that hurricane sandy damaged their sales. could that benefit some consumers? > > it is going to depend on where you live. if you live on the east side or the northeast side, where you were hit by hurricane sandy, you are probably going to see some good sales on luxury items, because right now people are spending their money on home improvement, and they are spending their money on recouping the everyday stuff they lost in the hurricane. meanwhile, on the west coast, those luxury items are already being sold at a pretty steady pace right now, so you are not likely to see a lot of sales on that. but certainly there will be sales, and dependent on how the season progresses, you can expect sales like that. but you are better off on the east coast getting sales on luxury goods than you will be on the west coast. > thank you very much for that update. jen waters. > > thank you. two million toys seized so far this year, and that's before christmas. that number comes from the u.s. consumer product safety commission, along with u.s.
the retailer a boost. additionally, the damage done by hurricane sandy will also likely benefit the chain as east coasters start to rebuild. retailers in los angeles will no longer be allowed to sell commercially bred dogs, cats and rabbits. l.a. is the largest city in the nation to enact such a measure. and from now on, such animals sold at pet stores will come from shelters or rescue groups. an electric moment for the winner of motor trend magazine's car-of-the-year: the tesla model s sedan is the winner for 2013 and it wasn't even close - it was a unanimous decision by the magazine's panel of 11 judges, who drove more than two dozen contenders. it marks the first time ever in the 64-year history of the award that a vehicle not powered by an internal combustion engine has been selected. "tesla will definitely get a boost from getting awards. what it does is reassure investors, and they need the investment, they need the up-front money. it's expensive to start a company, much less a company from scratch." the car, from tesla motors, which is based in palo alto, california, seats up to se
and atlantic city, how are they going to sort of recover post- hurricane sandy? that's really about tourism dollars there. so that makes a huge difference all across the economy, is sort of fueling those tourism dollars. the other piece of it is, we are just better workers and we get better work done when we are well-rested and take vacations. study after study shows while we may worry that taking vacation time makes us look bad at work, we are actually more creative and more productive when we take vacation. and it's better for our employers, too. so, people who take their vacation time are more likely to stay at their jobs because they are just happier there. > > what are some other reasons why we skip vacations? i have a feeling some of that has to do with we don't want to let our co-workers down. if you are gone, that means somebody has to cover for you. > > there is a lot of guilt associated with vacation, that is for sure. and that's one of the reasons why americans, even when we sort of look like we're taking vacation or we say we're taking vacation, we don't unplug. every year we st
Search Results 0 to 14 of about 15